Common use of Due Authorization; No Violation Clause in Contracts

Due Authorization; No Violation. The execution, delivery and performance by each Obligor of the Loan Documents executed or to be executed by it are within such Obligor’s powers, have been duly authorized by all necessary action, and do not (a) contravene such Obligor’s Organic Documents; (b) contravene any contractual restriction or Governmental Rule binding on or affecting such Obligor; or (c) result in, or require the creation or imposition of, any Lien on any Obligor’s or Subsidiary’s property, except Liens for the benefit of Lenders.

Due Authorization; No Violation. The execution, delivery and performance by each Obligor of the Loan Documents executed or to be executed by it are within such Obligor’s 's powers, have been duly authorized by all necessary action, and do not (a) contravene such Obligor’s 's Organic Documents; (b) contravene any contractual restriction or Governmental Rule binding on or affecting such Obligor; or (c) result in, or require the creation or imposition of, any Lien on any Obligor’s 's or Subsidiary’s 's property, except Liens for the benefit of Lenders.

Due Authorization; No Violation. The execution, delivery and performance by each Obligor of the Loan Documents executed or to be executed by it are within such Obligor’s 's corporate powers, have been duly authorized by all necessary corporate action, and do not (a) contravene such Obligor’s 's Organic Documents; (b) contravene any contractual restriction or Governmental Rule binding on or affecting such Obligor; or (c) result in, or require the creation or imposition of, any Lien on any Obligor’s 's or Subsidiary’s property's properties, except Liens for the benefit of Lenders.